Audit 290029

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the schedules of expenditures of federal awards and state financial assistance are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and NJ Circular 15-08-OMB, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Community Hope, Inc. did not elect to use the ten percent de-minimis cost rate. The accompanying combined schedules of expenditures of federal and state financial assistance (the “schedules”) includes the federal and state award activity of Community Hope, Inc. and Affiliates under programs of the federal and state government for the year ended June 30, 2023. The information in these schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”), and State of New Jersey, Department of the Treasury, OMB Policy Circular 15-08-OMB (“NJ Circular 15-08-OMB”). Because the schedules present only a selected portion of the operations of Community Hope, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Community Hope, Inc. and Affiliates.